The Arlene Doll Co. uses a process costing system. Consider the following data for Dept. A....
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The Arlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units, 100% completed for direct material 75% completed for conversion costs Started in November: 10,000 units Transferred to Dept B: 12,000 units W-1-P Nov. 30: 6,000 units, 100% completed for direct material 50% completed for conversion costs COSTS: W-1-P Nov. 1: Direct Materials Conversion Costs added in November: Direct Material Conversion Total costs to account for $9,600 4,800 $14,400 $15,600 14,400 $30,000 $44,400 Use the WEIGHTED AVERAGE method. Show computations a. Compute the equivalent units of production for DM and conversion. b. Compute the cost per equivalent unit for DM and conversion. c. Assign costs to units transferred out and ending work-in-process. The Arlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units, 100% completed for direct material 75% completed for conversion costs Started in November: 10,000 units Transferred to Dept B: 12,000 units W-1-P Nov. 30: 6,000 units, 100% completed for direct material 50% completed for conversion costs COSTS: W-1-P Nov. 1: Direct Materials Conversion Costs added in November: Direct Material Conversion Total costs to account for $9,600 4,800 $14,400 $15,600 14,400 $30,000 $44,400 Use the WEIGHTED AVERAGE method. Show computations a. Compute the equivalent units of production for DM and conversion. b. Compute the cost per equivalent unit for DM and conversion. c. Assign costs to units transferred out and ending work-in-process.
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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